WhiteFiber (NASDAQ:WYFI) Posts Earnings Results, Misses Estimates By $0.53 EPS

WhiteFiber (NASDAQ:WYFI) posted its quarterly earnings results on Thursday. The company reported ($0.67) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.53), Zacks reports. The firm had revenue of $23.56 million for the quarter, compared to analysts’ expectations of $23.07 million.

Here are the key takeaways from WhiteFiber’s conference call:

• The company signed a 10-year, 40‑MW IT load agreement with Nscale that represents roughly $865 million of contracted revenue (including escalators and installation), with the full tranche now scheduled for a May 31 ready‑for‑service date after a customer‑driven change order and an investment‑grade hyperscaler offtaker that materially improves financing optionality.
• Balance sheet and financing position strengthened — year‑end cash of $114.4 million, no funded debt, an undrawn RBC facility, and a $230 million convertible note completed in January (4.5% coupon with a capped‑call structure); management expects to secure debt financing for NC‑1 in Q2 2026 and says they can fully fund NC‑1 to completion.
• The cloud business is being repositioned toward enterprise/managed GPU deployments, including monetizing ~1,000 H200 GPUs for ~$26 million, but management expects near‑term cloud revenue weakness with Q1 guidance of roughly $16 million–$17 million (April as the low point) before a mid‑Q2 ramp and stronger second half.
• The company’s retrofit‑first execution remains a differentiator — Montreal 3 was converted into a data center in ~6 months to support Cerebras, they’re exercising a CAD 24M purchase option to cut annual lease expense, and they continue to evaluate >1 GW of pipeline across small urban (5–20 MW) and large campus opportunities.

WhiteFiber Price Performance

NASDAQ WYFI traded down $0.75 during trading on Friday, reaching $11.42. 234,327 shares of the company’s stock traded hands, compared to its average volume of 908,197. WhiteFiber has a 12-month low of $11.33 and a 12-month high of $40.75. The firm has a market cap of $436.74 million and a price-to-earnings ratio of -24.30. The company’s 50 day simple moving average is $17.56 and its two-hundred day simple moving average is $21.43.

Hedge Funds Weigh In On WhiteFiber

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Royal Bank of Canada raised its stake in WhiteFiber by 108.2% in the fourth quarter. Royal Bank of Canada now owns 2,394 shares of the company’s stock worth $37,000 after buying an additional 1,244 shares in the last quarter. Police & Firemen s Retirement System of New Jersey purchased a new stake in WhiteFiber during the fourth quarter worth $44,000. MetLife Investment Management LLC bought a new stake in WhiteFiber during the 4th quarter valued at $106,000. Deutsche Bank AG purchased a new position in shares of WhiteFiber in the 4th quarter valued at $115,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of WhiteFiber in the 4th quarter worth $167,000.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. B. Riley Financial lowered their price objective on shares of WhiteFiber from $44.00 to $40.00 and set a “buy” rating for the company in a research report on Wednesday, December 24th. Needham & Company LLC decreased their price target on shares of WhiteFiber from $38.00 to $36.00 and set a “buy” rating for the company in a research note on Friday. HC Wainwright lowered their price target on WhiteFiber from $34.00 to $20.00 and set a “buy” rating for the company in a report on Friday. Compass Point assumed coverage on WhiteFiber in a research note on Tuesday, December 16th. They issued a “buy” rating and a $32.00 price objective on the stock. Finally, Weiss Ratings restated a “sell (d)” rating on shares of WhiteFiber in a report on Monday, December 29th. Nine analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $34.44.

WhiteFiber Company Profile

We believe we are a leading provider of artificial intelligence (“AI”) infrastructure solutions. We own high-performance computing (“HPC”) data centers and provide cloud-based HPC graphics processing units (“GPU”) services, which we term cloud services, for customers such as AI application and machine learning (“ML”) developers (the “HPC Business”). Our Tier-3 data centers provide hosting and colocation services. Our cloud services support generative AI workstreams, especially training and inference.